Lehi's PCF Insurance Services Lands $400 Million in New Incremental Debt Financing
Following its multiyear, roll-up strategy, PCF is now the 12th largest Property Casualty brokerage in the U.S., plus the 20th largest insurance brokerage in the U.S.
This Week's $200 Million Investment that Few Utahns Know About has Changed Control of a Pioneering Utah Biotech Firm
Utah's market-leading Brain-Computer-Interface company, Salt Lake City-based Blackrock Neurotech, has sold controlling interest to Tether for a $200 million investment
In news that will shock most executives in Utah's business, life sciences, and technology communities, Salt Lake City-based Blackrock Neurotech has sold controlling interest in its
Boart Longyear has been Acquired and Taken Private Following a Convoluted Multiyear Journey that Eventually Valued the Firm at $383 Million
From a 2007 IPO on the Australian Stock Exchange that valued Boart Longyear at over $1.5 billion, this month's acquisition occurred at a price of under $385 million.
Work on $2.74 Billion in Utah Road Projects is Underway (or About to Be), So Start Gritting Your Teeth Now
UDOT's plans include "... building new projects to help meet growth demands, maintaining our aging roads and bridges, and building out our transportation network to accommodate drivers, pedestrians and bicyclists.”
Southern Utah University Breaks Ground on its New $37.5 Million, 44,000-Square-Foot Music Center
Construction is slated to start in June 2024, with completion targeted in time to host classes beginning with the fall 2026 semester.
NEWS BRIEF: Florida's Driftwood Capital Lands a $33 Million Refinancing for its Sheraton Park City Hotel
Coral Gables, Florida-based Driftwood Capital has secured $33 million in capital from Goldman Sachs to refinance the Sheraton Park City Hotel in Park City, Utah.
Backed by over 1,200 active accredited investors, Driftwood specializes in acquiring and managing hospitality properties (primarily hotels).
It currently owns over 85 properties with
Utah's Most Valuable Public Company, Extra Space Storage, is Raising up to $800 Million in a Secondary Shelf Offering
The market valuation of Extra Space Storage is "over four times greater than Utah's next two highest valued publicly traded firms (as of yesterday's market close):" HealthEquity and Zions Bancorporation.